Every now on then a mysterious day trader pops out to say that he is the best trader in the world – just give him a little money and his company will sell you the secret that made them millions.
These guys are all fakes. They didn’t make any money trading so they are trying to make some money selling their ideas (the one’s that don’t work).
If you have any common sense you keep your money as far away from these guys as possible.
There is, however, a person that can truly say that he is the best in the world.
Larry Williams – the best trader in the world
Larry R. Williams was born in 1942 – currently he is a technical analyst, a stock and commodities trader and runs his own Futures trading website.
In 1987 Larry took part of the World Cup Championship of Futures Trading. The competition lasted for 12
months and the goal was to start with $10 000 and the one with the most money in the end of the year was to become the winner.
Larry Williams won the competition by turning 10,000 dollars into $1,147,000 in 12 months – something that no one has ever come close to achieving. That is a yearly growth of 11 370% or a monthly rate of almost 1000 per cent.
During the competition Williams actually managed to run his winnings to more than 2 million dollars by the end of September but then dropped back down to $750,000 after the market crash in October 1987.
In the two last months of the competition Williams managed to make almost 400 000 dollars and conquer the million dollar mark for the second time during the same year.
Larry was lucky but he knew what he was doing
It seemed to a lot of people that Williams was just extremely lucky but no one was ready for what was to happen ten years later that truly showed that Larry knew exactly what he was doing.
In 1997 Larry taught his daughter Michelle Williams his trading strategy and while only being 16 Michelle managed to win the same competition with 1000 percent return on her US$10,000 investment.
In addition to being a great trader, Mr. Williams is also known for developing different stock market indicators – including the Williams %R and the Ultimate Oscillator.
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{ 9 comments… read them below or add one }
I tried Larry’s newsletter and never made a dime.
He is just another faker. If you read his books, he never really tells you what method, process, or system he uses.
I am sorry to hear that! I have never used his newsletter tips myself nor I haven’t read any of his books – simply because I just recently found out about him.
All of Larry’s email newsletters and tools are free, so he has my respect in that!
What made him stand out in my view is that he managed to win a trading competition and then 10 later teach her daughter everything she needed to know to win the same competition!
If you are fake you just wouldn’t be able to do that!
It’s pretty cool, the thing is that he can’t just give away his methods because then everyone would use them and they would not be as effective! That said, with performance like that I wonder if he runs some sort of hedge fund or something like that and also how he has weathered the current market situations.
Makes me wonder why more people don’t talk about/haven’t heard of him. Seems like he should be as common of name as Warren Buffet and Jim Cramer…
nice indicator i use his indicator through yahoo finance technical analysis chart… but not useful for me … may be his indicator work in smooth market…who knowsssssssss
If Mr. Williams had used Robottraders unique color coded system he migh have even doubled his profits! This system has removed the curtain from the stage of day trading and made it very transparent so that one knows when to buy and when to sell.
I only found out about Larry, but he is probably one of the best traders in the world, because he won that competition. I mean turning 10k into a million is just amazing. And then teaching his daughter to trade and then for her to win the competition is amazing in its own right. He tells people the truth in trading, that you can’t just copy and follow a system, but the system is a tool. You have to adapt and learn about the markets and see how you can develop as a trader. I have not read his books, but I think the free information he gives out is very helpful.
I think that looking more into the stuff and information he gives out for free can never be a bad thing, especially with his track record!
If you read any of his books, let me know!
I have not read any of his books. I already study trading, but I plan to get some of the old books by past traders. I hear they are the best books.
excellent trader larry